All borrowers, regardless of loan size, can use SBA's direct forgiveness portal. Applying for forgiveness using the portal can take as little as 15 minutes.Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments. Any SBA EIDL loans made in response to COVID19 before Dec. −. Will this loan be forgiven? As of January 1, 2022, SBA stopped accepting applications for new COVID-19 EIDL loans or advances. The SBA stopped taking applications for the EIDL program on April 16th after the initial funding was exhausted. … Under this declaration, the SBA's Economic Injury Disaster Loan program is available to eligible farm-related and … 30 years. … I encourage anyone who has not submitted an SBA disaster loan application to do so as quickly as possible.